China Bull market has turned from fast to slow bull.
Any pull back is a good opportunity to buy. Suggestion of entry: Shanghai Composite Index SSE at 3100. If go down, then second batch buying point at 3000. If go down, then third batch buying point at 2900.
China people have the practice to cash out instead of keeping stocks during big festival like CNY. And recent pull back, weakness in share price and volume shrinking explains it.
Usually China announces important policy change ( interest rate decision et ) after market close with smaller policy change announced on weekday and bigger policy change announced at Friday market close. The recent Reserve rate cut (supposed to be bigger policy change) announced at Wednesday resulting Investors digested it as not so good move with the mean of China no choice has to cut to prevent tightening liquidity happens.
Any pull back is a good opportunity to buy. Suggestion of entry: Shanghai Composite Index SSE at 3100. If go down, then second batch buying point at 3000. If go down, then third batch buying point at 2900.
China people have the practice to cash out instead of keeping stocks during big festival like CNY. And recent pull back, weakness in share price and volume shrinking explains it.
Usually China announces important policy change ( interest rate decision et ) after market close with smaller policy change announced on weekday and bigger policy change announced at Friday market close. The recent Reserve rate cut (supposed to be bigger policy change) announced at Wednesday resulting Investors digested it as not so good move with the mean of China no choice has to cut to prevent tightening liquidity happens.
No comments:
Post a Comment